Used with permission.
First rally attempt fails
Posted: 15 Oct 2012 12:34 PM PDT
Last week put the kibosh on the market's first rally attempt following the initial decline off the peak in the Nasdaq. The long-only, medium-term speculator should be in a generous cash position, save for positions in those leaders that have yet to break down, e.g. Rackspace Hosting (RAX) and Pharmacyclics (PCYC), which have been spoken about in previous reports.
Otherwise, the backdrop improves, from domestic growth to China. The latter's market has shown some decent outperformance since early September, always a plus.
Breadth has not peaked, and this normally presages a primary top in the averages. Ditto for the financial sector. . . . To continue reading, please click here.
Fund Prices2024-03-28
Fund | Price | Day | YTD |
G | $18.15 | 0.05% | 1.05% |
F | $19.08 | -0.06% | -0.74% |
C | $82.21 | 0.11% | 10.55% |
S | $82.43 | 0.30% | 6.92% |
I | $42.57 | -0.24% | 5.95% |
L2065 | $16.38 | 0.02% | 8.37% |
L2060 | $16.39 | 0.02% | 8.38% |
L2055 | $16.39 | 0.02% | 8.38% |
L2050 | $32.73 | 0.01% | 6.95% |
L2045 | $14.91 | 0.02% | 6.58% |
L2040 | $54.38 | 0.02% | 6.22% |
L2035 | $14.34 | 0.02% | 5.79% |
L2030 | $47.67 | 0.02% | 5.38% |
L2025 | $13.15 | 0.03% | 3.43% |
Linc | $25.61 | 0.03% | 2.82% |